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Ethereum Surges Past $2,000 for First Time Since March

  • By
  • Giovane
  • published: 08.05.2025
  • Last updated: 08.05.2025

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The world’s second-largest cryptocurrency by market capitalization has regained a significant psychological price level today. On May 8, Ethereum embarked on a strong upward trend, gaining over 10% in value in just a day. 

This upward momentum led ETH to break above the $2,000 zone for the first time since March 27. Moreover, the asset has been outperforming Bitcoin over the week, suggesting a shift in market dynamics as investors favor Ethereum amid changing sentiment.

This recent uptrend appears to have been strengthened by heightened institutional adoption. A recent report from LookOnchain highlights how companies are accumulating more ETH in recent times.

Abraxas Capital, a London-based investment firm specializing in digital assets and traditional finance, recently withdrew 49,644 $ETH ($92 million) from the exchanges Binance and Kraken, suggesting that Institutional accumulation of Ethereum remains strong, as large firms move substantial amounts of ETH off centralized exchanges.

If you’re looking to get started with WEEX, they offer rewards for completing simple tasks like making a 500 USDT deposit and reaching 100,000 USDT in trading volume. Learn more about how to get started here.

Disclaimer: The content provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more

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Giovane

My name is Giovane, and I've been covering the world of cryptocurrencies for nearly half a decade. I have a deep passion for understanding how crypto is shaping our future and enjoy diving into the news that highlights these changes. I'm particularly interested in how Bitcoin, Altcoins, and blockchain technology impact economies and societies worldwide.

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